WiSA Technologies, Inc. (NASDAQ:WISA) shares are slumping Thursday.
The company inked a WiSA E licensing agreement with a top-three consumer electronics leader in their category.
By licensing WiSA E software and integrating its multichannel immersive audio functionality into their source devices, the licensee can avoid the expense of extra hardware.
“WiSA E will be used by a major CE manufacturer to embed high-quality immersive audio functionality in their devices – functionality that can be activated by the consumer in their home,” said Brett Moyer, CEO of ...